Changes
Jump to navigation
Jump to search
**===Tax Proposal: Lower taxes on small business and big businesses, simplified tax code that is easier on middle class and families[http://www.newsweek.com/your-money-your-vote-newsweeks-2016-presidential-debate-live-blog-388228][https://jeb2016.com/policy-tax-plan/?lang=en] ==**Jeb Bush released a plan that would reduce personal income tax brackets down to three brackets: 28%, 25%, 10% like the Reagan administration’s second tax reform**fact check: Reagan’s 2nd tax reform wasn’t like this; it was broken into 4 groups (10%, 28%, 33%, 28%), making . In the business world he says that his administration would "eliminate a tax “bubble”lot of deductions and cut the rates down. Taxpayers after a certain income level paid a flat 28% tax A corporate rate [https://enof 20 percent, which puts us 5 percent above -- below that of China, and allows us full expensing of investing.wikipedia.org/wiki/Tax_Reform_Act_of_1986#cite_noteIt would create an explosion of investment back into this country, creating higher-wage jobs"(RD-4][http://www).nprBush's campaign claims that "The plan nearly doubles the standard deduction now taken by roughly two-thirds of all filers.org/sections/itsallpolitics/2015/09/09/438873030/everything-you-wanted-to-know-about-jeb-bushs-It eliminates the marriage penalty, expands the Earned Income Tax Credit, ends the death tax-plan]**cut down corporate tax rate from 35% to 20% , retires the Alternative Minimum Tax and change it to territorial ends the employee’s share of the Social Security tax system (tax only on earnings made in USfor workers older than 67"(JBW-J)[https://jeb2016.com/backgrounder-jeb-bushs-tax-reform-plan/?lang=en]
no edit summary
*Business and corporations
"we eliminate a lot of deductions and cut the rates down. A corporate rate of 20 percent, which puts us 5 percent above -- below that of China, and allows us full expensing of investing. It would create an explosion of investment back into this country, creating higher-wage jobs".(RD-4)
**2% cap of filer’s gross income on total tax deductions
**double size of standard deduction
